Nidec (OTCMKTS:NJDCY) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $3.75 and traded as low as $2.00. Nidec shares last traded at $2.50, with a volume of 35,121 shares changing hands.

Nidec Trading Down 37.7%

The firm’s 50 day moving average is $3.45 and its two-hundred day moving average is $3.75. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The company has a market cap of $23.85 billion, a P/E ratio of -3.57 and a beta of 1.41.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Nidec had a negative return on equity of 33.77% and a negative net margin of 17.80%.

About Nidec

Nidec Corporation is a Japanese manufacturer of electric motors and related components. Founded in Kyoto in 1973 as Nippon Densan Corporation, the company adopted the name Nidec in 2014.

Its products include precision motors used in devices such as hard-disk drives, as well as motors and components for automobiles, home appliances, commercial equipment and industrial applications. Nidec also supplies machinery and other products used in manufacturing.

Headquartered in Kyoto, Nidec serves customers around the world through operations across Asia, the Americas and Europe.